Australia ups funding for key rare earths project as profit doubts linger

Miner Iluka describes development as 'strategic infrastructure'

20241210 iluka

Australian mineral sands miner Iluka Resources is building a rare earths refinery in Western Australia. (Iluka Resources)

SHAUN TURTON, Nikkei staff writer

SYDNEY -- Additional government support for a rare earth refinery planned for Western Australia by mineral sands miner Iluka has done little to ease concerns over the project's potential profitability in an industry dominated by China.

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